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What! UGAZ just shot up 50 cents at open, huh? Looked like a firesale on NG until a few minutes ago. Burned some DGAZ holders....
Been there done that! always good to be able to trade and pay for mundane stuff like truck repairs!
Looks like drop down to where you thought it might head and currently in a reversal mode! One day your prediction might just come true!
I did for a few hundred in my wifes account. Seem to be trading better making her money! lol
Thanks for your thoughts on what you are expecting. Trading on occasion, sitting on my old underwater shares.
Looks like "Up it goes". Appears to be some strength to this move up in NG. Where does it top out and when are the questions.
What just happened! NG is screaming up!
Wow! quite the bounce this morning from the pre market lows. Wonder what is causing these large swings? NG is always full of surprises!
Agreed! A deficit appears to be in the cards soon and the market looks to be reacting to that. Possible hurricane issue before October and we could have a perfect storm for a move north.
The question becomes, why would NG move north this late in the season? Is there something in the chart that suggests a much higher move than we have had this summer. Now I do see the potential for a hurricane to disrupt supply but am curious what you are basing your decisions on. I continue to hold some underwater shares and would love to see a much higher NG price....
NG has been a bit of an YO YO this morning! Anything is possible....
I wonder what is driving the run up off the 2.80 region in the past few weeks?
Well the potential is out there right now if the current storm tracks into the gulf!
I would be more worried about the incredible loss of life if anything military happens in NK. Between Trump and the A hole in NK we have much to fear. Crazy times these are. Buy gold.....
Well I am all over any sort of run up into Sept and into the Fall. Still trading every chance I get but stuck with a core position at higher level. Contango is small so I am not too worried about holding but would love to see your prediction come true!
I think it is unlikely we see 2.60's. I expect a bullish report this Thursday. It was generally pretty hot throughout US last week. The thing about a turn in a commodity like NG is that most never see it coming. Lots of gloom and doom which makes the case for a rally, lol.
7 days of trading at pretty much a flatline when looking at a one month chart. Certainly a case could be made for creating support. The longer it stays down here at this level the less likely it will pierce the support lines. But of course resistance can work the same way. Which way is this going to go...Know soon enough is my guess.
whoa, some kind of spike off the bottom!
You never know, but 2.00 NG is very unlikely. If so I would love to own DGAZ. Would take it to 50 or 60 bucks bucks or more. I am pretty well baked on my trade for the summer rally. Might never climb out of the shares I own. Have been trading slowly but surely in other accounts to lessen the pain. Probably time to bail lick my wounds and move on. But.....
It is like watching after hours trading...
Noticed that! Not yet even remotely excited about todays action without volume....
LOL! One never knows when the winds and the tides will change....
That looks like some serious warming going on across the USA for the next week. Could we get a move off these current prices??
Is it possible that NG has stabilized and that the cooler temps are baked into the price. I mean, this has dropped a long way off the 3.30 mark this Spring. Could the end of the dumping be in sight.... Imagine a short covering rally, but what would be the catalyst other than manipulation by big money.....Hmmmmm!
There is always the possibility of a move north during the month of August, can't be ruled out. Definitely burning a lot of NG with typical hot August weather. Going to buy UGAZ Monday.
The buyers do not care about summer temps it seems. NG continues to struggle to remain flat. Too little to late perhaps....
I am with you there. Just glad I traded out of another account these past weeks and reduced my losses. Still, hate to pull the trigger as it feels like a panic sell and right when I sell is when this will turn up, lol. Good luck with whatever you decide.
I hate to think I have to finally bail out of this with some loss on my original trade but for everything I see it looks grim. There does not appear to be any interest in buyers to prop up the price of NG and no catalyst to make for a rally even though heat waves are expected. Perhaps things will change in a few weeks but the futures look like we are stuck down here for some time with a potential for another drop down towards 9.00 or even 8 dollars in UGAZ. If anyone sees it different I would certainly appreciate their opinion. Of course things can change with sentiment in a heart beat but that has yet to materialize.
Nice bounce this morning Premkt. Heat waves across much of USA predicted going forward. Could we see a rally of sorts from here. Report is expected to be bullish today and for the next 3 weeks. Looking for a short squeeze. Would be just the ticket!
Let's get the ball rolling! buy gas! lol Bullish report come Thursday could certainly help.
See that! Now for some progress towards a green close. Appreciate your observations.
Nice and this rally off the bottom might just be the start of a turn around. Go bulls! lol
Man, look at the gaps we can fill on the way back up!
Yes, I see the volume and the appearance of buying. Strange time right now with Natty! Did we just see the last shake out....
Funny how things look, appears that the bottom might be in as the selling looks over done. Now the question becomes why move it up? Inquiring minds want to know....
Looks to be heading that way! NG can turn on a dime though.....
Looking for a catalyst for a move back up.....Anyone see this reversing and if so why? I am about to buy some more trading shares.
I am stuck at higher levels but have been trading right along to eases the pain. Would love to see NG rocket, has been a long time coming. But man, NG is under the gun right now. Hope the flush out is in progress and we get a catalyst for a run. Will take a storm or really hot weather to turn the tide.
Good Morning, I am trying to wrap my head around why you believe NG will explode up towards 3.40 this month into next. Is it based on historical data, a hunch, charts etc. Your thoughts are appreciated. I mean NG has been brutalized this summer and could sure use a break to the uopside but the shorts seem to be in control. Will need some sort of catalyst to move this up in a big way.
Nice little bounce off that double bottom of sorts. Can this hold? I suspect it will, sell off is overblown for this time of year. imo!
You got this man! I have come back from large deficits in the past by trading smart. But we all make mistakes and learn from them, appears I am still learning, lol.